Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1231 S Terry St Rockport, TX 78382

    Sponsored
    For Sale
    $59,900

    Rural Residential Lot - ROCKPORT, TX

    Days on Market:
    327
    Last Refresh:
    Jan 26 at 2:06 pm

    Property Features for 1231 S Terry St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    NORMA MARINI
    NORMA MARINI

    Keller Williams Realty Rockport (361) 790-9494

    Listing agent NORMA MARINI (361) 790-9494

    Listing date Mar 6, 2025

    MLS# 143813 Listing URL

    Copyright © 2026 Rockport Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Corner Lot in Rockport

    This oversized corner lot, measuring 50 x 140, is located in Rockport, TX. The property features mature trees and is zoned for residential use. Water access is available through the Utility Department. County restrictions apply.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.071078640784
    Latitude
    28.009221484857

    Nearby Similar for Sale

    • $410,000
      2,400 SF

      Rockport Fourplex Near Amenities

      Fourplex in Rockport, TX, near shops, restaurants, and beaches.
      1401 E Alamito St, Rockport, TX 78382
      View Details
    • New
      $449,000
      0.21 Acres

      Waterfront Lot on Canal

      0.21-acre waterfront lot with RV, hookups, and boat slip.
      127 Copano Cove Rd, Rockport, TX 78382
      View Details
    • $2,650,000
      5,114 SF

      Waterfront Estate with Modern Luxury

      Coastal retreat on Copano Bay with restored cottages.
      6031 Other, Rockport, TX 78382
      View Details
    • $675,000
      1,050 SF

      Income-Producing Property in Rockport, TX

      Commercial investment property with rental income and expansion potential.
      2328 Chaparral, Rockport, TX 78382
      View Details
    • $1,425,000
      8,997 SF

      Rockport Income-Producing Property For Sale

      10-acre Rockport property with mobile home park and rental home.
      1522-1524 16Th St, Rockport, TX 78382
      View Details
    • $675,000
      1,050 SF

      Income-Producing Property with Expansion Potential

      Commercial investment property with cabins, RV pads, and expansion space.
      2328 Chaparral, Rockport, TX 78382
      View Details
    • $340,000
      1,933 SF

      Rockport Investment Property: Three Cottages

      Investment opportunity in Rockport: three cottages near downtown.
      402 E Nopal St, Rockport, TX 78382
      View Details
    • $340,000
      1,933 SF

      Rockport Investment Property: Three Cottages

      Investment opportunity: three cottages near Rockport's attractions, suitable for rentals.
      402 E Nopal St, Rockport, TX 78382
      View Details
    • $521,500
      1,008 SF

      Rockport Income-Generating Single-Family Package

      Three income-producing units on 4 acres near Rockport, Texas.
      1201 Weeping Willow, Rockport, TX 78382
      View Details
    • $1,195,000
      8,175 SF

      Rockport Commercial Property with Train Caboose

      8,175 sq ft commercial property with unique train caboose.
      206 Highway 35 S, Rockport, TX 78382
      View Details
    • $1,195,000
      8,175 SF

      Unique Rockport Warehouse with Caboose

      8,175 SF commercial property with warehouse, office, and train caboose.
      206 Highway 35 S, Rockport, TX 78382
      View Details
    • $1,295,000
      0.31 Acres

      Aransas County Airport Fly-In Hangar

      Vacation hangar with crew quarters at Aransas County Airport.
      321 John D Wendell Rd, Rockport, TX 78382
      View Details

    FAQs

    What type of property is this?
    Land - Oversized lot with trees, ideal for new home.
    Where is this land located?
    The property is located at 1231 S Terry St Rockport, TX.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - Oversized corner lot provides ample space and potential.; - Lot dimensions are 50 x 140.; - Beautiful trees enhance the property's appeal.
    (361) 946-8472
    Request Owner's contact information
    1231 S Terry St Rockport, TX 78382
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1231 S Terry St
    Rockport, TX 78382
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1231 S Terry St Rockport, TX 78382
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    NORMA MARINI
    NORMA MARINI
    Real Estate License ID: 0548020
    (361) 946-8472
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.